LAS VEGAS, May 13, 2014 /PRNewswire/ --Gaming Partners International Corporation (NASDAQ: GPIC), a leading worldwide provider of casino currency and table gaming equipment, announced financial results for the first quarter ended March 31, 2014.

During the first quarter ended March 31, 2014, the Company posted a net loss of $1.1 million, or $0.14 per basic and diluted share, compared to net income of $0.5 million, or $0.07 per basic and diluted share, for the first quarter of 2013.The decrease in net income was due to a decrease in sales of our currency products which caused fixed manufacturing costs to be allocated over lower production volumes.

During the first quarter of 2014, the Company had revenues of $10.6 million, compared to revenues of $14.8 million in the first quarter of 2013. The primary reason for the decrease in revenues was due to a reduction in worldwide casino currency sales in 2014 compared to 2013, caused by the lack of openings/ expansions in 2014.

"Our quarterly results were negatively impacted by the lack of casino openings," commented Greg Gronau, GPIC President and Chief Executive Officer. "Although there is potential for significant expansions in the second half of 2014, most of the major casino developments will take place in 2015 and beyond."

This release contains "forward-looking statements" based on current expectations that are inherently subject to known and unknown risks and uncertainties, such as statements relating to future share repurchases; new products; anticipated future sales or the timing thereof; fulfillment of product orders; the long-term growth and prospects of our business or any jurisdiction in which we operate; and the long term potential of the RFID casino currency solutions market and our ability to capitalize on any such growth opportunities. Actual results or achievements may be materially different from those expressed or implied. Our plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions, the timing of and ability to consummate acquisitions, and future business decisions and other risks and uncertainties identified in Part I-Item 1A, "Risk Factors" of our Annual Report on Form 10-K for the period ended December 31, 2013, all of which are difficult or impossible to predict accurately and many of which are beyond our control and are subject to change. Therefore, there can be no assurance that any forward-looking statement will prove to be accurate.